AutoZone, Inc. said its normalized net income for the fiscal second quarter ended Feb. 11 amounted to $7.45 per share, compared with the S&P Capital IQ consensus estimate of $8.19 per share.
EPS increased year over year from $7.10.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $218.6 million, compared with $218.6 million in the prior-year period.
The normalized profit margin declined to 9.5% from 9.7% in the year-earlier period.
Total revenue rose on an annual basis to $2.29 billion from $2.26 billion, and total operating expenses grew on an annual basis to $1.91 billion from $1.87 billion.
Reported net income increased year over year to $237.1 million, or $8.08 per share, from $228.7 million, or $7.43 per share.
